MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Thomas Bull also recently made the following trade(s):

• On Tuesday, July 2nd, Thomas Bull sold 138 shares of MongoDB stock. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02.

MongoDB Trading Up 1.8 %

MDB stock opened at $296.69 on Thursday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of -105.58 and a beta of 1.15. The business’s 50-day moving average is $254.78 and its 200 day moving average is $305.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the previous year, the firm posted ($0.63) EPS. MongoDB’s revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on MDB shares. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Stifel Nicolaus increased their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley increased their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Mizuho increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, UBS Group increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $337.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its holdings in shares of MongoDB by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after purchasing an additional 22 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of MongoDB by 12.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after purchasing an additional 25 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of MongoDB by 24.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 182 shares of the company’s stock worth $74,000 after purchasing an additional 36 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of MongoDB by 12.9% during the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after purchasing an additional 37 shares during the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after purchasing an additional 39 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.